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, b# d% ?9 N1 b% a# k1 sEDMONTON JOURNAL MAY 8, 2013/ U5 X3 d5 {5 X. R5 N1 K
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
. `4 Z* ?# [' J# f1 tPhotograph by: John Lucas, file , Edmonton Journal
9 d* a$ d! }6 m- o4 {EDMONTON - Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier, Canada Mortgage and Housing Corp. said Wednesday.) M# Y( i. n" J, |
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Builders started 560 single-detached homes, up from 493 units in April 2012. The multi-family sector grew to 943 units, up from 474 a year earlier.* O% `% t* \7 a* S6 u+ b7 s
) T" W( b9 p6 N( {' |) Y1 G7 a* HHousing starts in the region were trending at 14,424 units in April, compared to 13,738 in March. The trend is a six-month moving average of the monthly seasonally adjusted annual rates of total housing starts.& r( ^; ]8 j9 ~- P0 A7 H3 F
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“The trend in total housing starts moved higher in April, driven by gains in both the single-detached and multi-family sectors,” said David Lan, CMHC senior market analyst for Edmonton. “Growth in full-time employment and net migration in the CMA contributed to the increase in housing starts.”( U, \. [' m ?; t
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In Calgary, both single- and multi-family starts declined in April to 1,067 from 1,711 in April 2013. Calgary’s single-detached starts in April were 545 units, down from 560 in April 2012. The multi-family sector decreased to 522 units from 1,151 last year.1 j8 m" R4 t" L1 r9 v$ C
. F9 l5 L7 J0 y5 A; e+ S3 w6 qThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch." [/ U* F) W: m) N
' R- L+ Q6 G' X" JConsumers remain confident despite a moderating pace of economic growth, he said.
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) P# e" O9 A3 A( s“Many Albertans — thousands of which are newly arrived job-seekers from other provinces or countries — are expressing their optimism by purchasing a new home,” Hirsch said.
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* I# M; L9 y" z+ Z' j3 P© Copyright (c) The Edmonton Journal |
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